747 Main St Brigham City, UT 84302
- Office buildings
- 92,100 SF
- 6.83 lot acres
Current Use by Public Records
- Office buildings
Property Details for 747 Main St
- Lot size
- 6.83 lot acres
- Property size
- 92,100 SF
- Property type
- Office buildings
- APN
- 03-146-0152
- APU
- 31460152
Description
This exceptional investment opportunity presents a brand-new, five-building, 165-unit Class A apartment complex in Brigham City, Utah. Located on Main Street, this 2025-built property boasts 198,681 square feet, with 161,192 square feet of net rentable space. The property sits on a 6.7-acre lot and includes 255 parking spaces. Each of the three-story buildings offers modern amenities and design features, catering to today's discerning renter. The property's prime location provides easy access to shopping, dining, and historical sites. With a strong NOI of $2,653,620 and a 4.50% cap rate, this property offers a compelling return on investment. The asking price is $58,969,339, translating to $357,390 per unit and $296.80 per square foot. The property is zoned P-R-M-30 and features a high-demand location in a rapidly growing market, making it an ideal investment for those seeking significant returns. This is a rare opportunity to acquire a landmark property in a thriving Utah community. The property's size and modern design, combined with its strategic location, make it a highly attractive investment prospect. The strong rental demand in Brigham City, coupled with the property's high-quality construction and amenities, ensures a stable and profitable future. This is a unique chance to own a piece of Brigham City's burgeoning growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brigham City
- County
- Box Elder
- State
- Utah
- Longitude
- -112.015
- Latitude
- 41.4949
- CBSA code
- 36260
- CBSA name
- OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA
